Thursday, November 04, 2010

Rep. Bobby Rush sued by bank over home mortgages

Crain's Chicago Business reports:
New City Bank of Chicago has sued U.S. Rep. Bobby Rush and his wife in an attempt to recover more than $600,000 in mortgage loans.

The Rushes aren't behind in their mortgage payments, but the bank wants its money, it said, because the couple has failed to pay 2009 property taxes on their homes on the Near South Side and in Buchanan, Mich., according to the suit, which was filed Wednesday in Cook County Circuit Court.

"The defendants' failure to pay the real estate taxes when due is an event of default" of their loan agreement with New City Bank, the suit said.
Big taxer and spender Rep. Bobby Rush is a Cook County Democrat in good standing!